RRIFs

AcceleRate Registered Retirement Income Funds

Get paid in retirement and help your money go further with competitive interest rates.

If you are retired or planning on retiring, and have made RRSP contributions, AcceleRate Registered Retirement Income Funds (RRIF) are a convenient way to receive your retirement payments. If you have an existing RRIF, it can easily be transferred to AcceleRate Financial from other financial institutions across Canada.

Please note that all RRSPs must be converted to an RRIF by December 31 of the year you turn 71. If you do not wish to convert to an RRIF, your funds must be withdrawn or transferred out.

Why choose an AcceleRate RRIF?

With a minimum of $5,000, you can convert your savings to an AcceleRate RRIF, or transfer an existing RRIF from any financial institution.

Choose how often you get paid: monthly, quarterly, semi-annually or annually. Get paid what you want, from either a minimum or specified payment. You may also choose to receive an additional annual lump sum payment of up to 20% of the value of your RRIF (conditions apply).

Your RRIF payments will be deposited to your AcceleRate savings account. You’ll continue to earn interest on money you don’t withdraw while still having full access to your funds. Learn more ways to save.

Which AcceleRate RRIF is best for me?

AcceleRate Financial offers an AcceleRate Variable RRIF Savings Account and an RRIF Guaranteed Investment Certificate (GIC). Choose between a variable daily interest option, or invest in a GIC to receive guaranteed higher rates of return for a term that suits your financial goals. Continue to earn to help your funds last throughout your retirement.

AcceleRate Variable RRIF

The AcceleRate Variable RRIF Savings Account gives you the no-fee flexibility of our AcceleRate Variable High Interest Savings accounts while keeping your funds free of tax. This is also a great option to start saving to reach the